JTIASA (4383) [s]

Jaya Tiasa Holdings Berhad, an investment holding company, is engaged in the extraction, manufacture, and sale of logs primarily in Malaysia. The company also manufactures and sells sawn timber, plywood, veneer, block board, and laminated wood. In addition, it is involved in the development of oil palm plantations and its related activities. Further, the company provides air transportation services; marketing of timber logs; develops and maintains planted forests; and undertakes forest plantation contracts. It also exports its products to Australia, the Caribbean Islands, China, Germany, Hong Kong, India, Japan, Korea, Mauritius, the Middle East, Pakistan, the Philippines, Singapore, Sri Lanka, Sweden, Syria, Taiwan, Thailand, Turkey, the United Kingdom, the United States, Venezuela, and Vietnam. Jaya Tiasa Holdings Berhad is based in Sibu, Malaysia.

Comment by Pankaj c. kumarLate Friday last week, little known Pinehill Pacific Bhd (formerly known as Multi Vest Resources Bhd, which by the way was formerly known as Best World Land Bhd) surprised the market with the announcement that it was parting with nearly 9,000 acres of landbank and related plantation assets held via three subsidiary companies to United Plantations Bhd (UP) for a whopping sum of RM413.6mil.